KSK Narmada Power Project

KSK Mahanadi Power Project is a 1,800 megawatt coal-fired power station proposed to be built in Morga-I, Chhattisgarh.

KSK Energy Ventures states that "we, together with IDFC, are planning to develop the KSK Narmada power project, a 1,800 MW coal based power project near the Morga-I coal block in Chhattisgarh through an SPV, KSK Narmada Power Company Private Limited (the “Narmada SPV”). The Company and IDFC have entered into a memorandum of understanding with the MPSMCL for fuel supply. The Company and IDFC have entered into a memorandum of understanding with MPSMC, pursuant to which MPSMC has agreed to apply to the GOI for allocation of coal blocks. MPSMC has since been allotted the Morga-I coal block in Chhattisgarh by the GOI. Under the terms of the memorandum of understanding, the Company and IDFC would, inter alia, enter into an agreement with MPSMC for coal mining and supply. This is currently under litigation in the High Court of Madhya Pradesh and provided that we can reach a fuel supply agreement with MPSMC, we intend to use the majority of this allotment to fuel the KSK Narmada power project."

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